Canquest Mortgage: Alberta Mortgage Agent
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Alternative Mortgages
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Building Mortgages
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Commerical Mortgage
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Debt Consolidation
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Equity Take Out
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First Time Home Buyers
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Interim Financing
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Line of Credit / HELOC
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Mortgage Renewals
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The Mortgage Process
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New to Canada
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No Money Down / Cash Back
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Second Mortgages
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Secured VISA Card
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Self Employed
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Variable Rate Mortgages
     CONTACT US

Karen Loehndorf
Calgary Mortgage Broker

Cell: 403.861.6969
Direct: 403.242.4392
Toll Free: 877.342.4392

karen@canquestmortgage.com

CURRENT MORTGAGE RATES
Last updated:  April 28, 2008
Term
Bank Rate
Our Rate
6 month
6.20%
6.20%
1 year
6.95%
5.00%
2 years
7.00%
5.85%
3 years
7.00%
5.85%
4 years
6.85%
5.69%
5 years
6.99%
5.35%
7 years
7.40%
6.15%
10 years
7.75%
6.40%
Variable
Prime - 0.6%
4.15%
Prime:
4.75%
* rates subject to change without notice
  
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   DEBT CONSOLIDATION / REFINANCING

 
 

"A big thank-you to Karen Loehndorf of Canquest Mortgage Inc. without her we would not have been able to obtain our mortgage. Our unique circumstances made obtaining an approval challenging.

Karen appears however to thrive on challenges and when she took up our challenge she exceeded our expectation in ways we could not even imagine.  Her advice was timely and her suggestions helpful, a true professional in every aspect of the word and a credit to her profession.

Karen demonstrated professionalism and determination every step of the way and made the process seamless. Our information was handled with care and confidentiality. Above all else Karen provided us with a peace of mind solution that went well beyond what we had anticipated and because of  her we would have no hesitation in recommending Karen and her services."


- Glenn, Sr. Pastor Lethbridge

As a member in any local community, you are part of a “consumers” world. As a consumer of products, you are likely the owner of a credit card or two. Perhaps you have a car loan, or have a line of credit? Whatever the case, you are faced with differing interest rates with every corner you turn.

Equity in your home can turn these high interest rates into one low monthly payment. How? Typically, credit cards themselves have anywhere from 9% - 22% interest attached to a balance that you carry.

Here’s something to think about – mortgage rates are far exceeding the cost benefit to place those debts within your mortgage. You can pay those high interest rate loans off with your equity! When you consolidate your debts, you can eliminate high interest payments.

Here’s what you need to do if you’re in the “overload debt” boat – Call us! We’ll look at your financial situation; see what you have incoming, and look at what you have outgoing each month. Usually, we can suggest a game plan to save you money at the end of each month. In the past, we have saved hundreds of dollars each month for clients, thereby creating a completely different way of living for them!

Ask yourself, “What have you got in your savings account at this very moment?” Wouldn’t it be nice to build that savings account up to where you originally planned? You can possibly do this simply by consolidating your debt by reducing your interest payments each month. Let us assist you paving a clear road to the future.

Example - CanQuest has help many clients each month to leverage the equity in your home to consolidate the debt and lower their overall payments. The following is an example of how you are able to save each month by refinancing and using your equity in your home to lower your monthly payment and increase your cash flow.

Before Debt Consolidation
Property Value
$190,000
Mortgage Balance
$130,000
Interest Rate
6.5%
Term Remaining
5 years
After Debt Consolidation
Property Value
$190,000
Mortgage Balance
$150,000
Interest Rate
4.5%
Term Remaining
5 years
   
Monthly Payments
Credit Cards $8,000
$250.00
Other debts $12,000
$298.00
Mortgage Payments
$870.77
Total Payments
$1,418.77
New Monthly Payments
Credit Cards $8000
$0
Other debts $12,000
$0
One Mortgage Payment
$830.21
Total Savings
$588.56

When you are looking at this example you will see that by putting all your payments together and refinancing your mortgage you would have a new mortgage with a lower monthly payment and it would include all of your indebtedness which increases your cash flow by $588.56/month. You can use this savings for rrsp investments or other investments that you wish to increase your net worth.

In order to take advantage of this program you must own a home and you must leave at least 10% equity in your home. If you want to use all your equity there are companies who do 100% refinancing that are not under CMHC or GENWORTH guidelines. These companies are self insured lenders.

APPLY NOW

 

     
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